What is Clore.ai? Clore.ai is a Blockchain platform with a Proof of Work consensus mechanism that connects individuals and businesses looking to utilize high-performance GPUs.
So what’s special about Clore.ai? Let’s find out with HAK Research in this article.
Clore.ai Overview
What is Clore.ai?
Clore.ai is a Blockchain that uses Proof of Work consensus mechanism. The platform connects individuals and businesses looking to use high-performance GPUs for a variety of tasks such as AI training, video Rendering, Mining. By providing a user-friendly marketplace. Clore.ai enables users to access powerful computing resources at competitive prices and on a flexible basis.
What is Clore.ai?
Clore Coin launched on December 6, 2022 in the Czech Republic. There are no pre-mining pools, no ICOs or masternodes. Everyone can mine CLORE from the first Block.
Clore.ai special products and features
Rent a server
The platform takes advantage of businesses or users who need to rent their GPU products to reach potential customers who want to use this service. A quick rental process and smooth payment system ensures that both partners can use resources efficiently.
Furthermore, an outstanding feature is that even if the renter has not yet found a customer, Clore.ai’s system will automatically allow that device to generate income even when they are waiting for customers to use the service. .
Guaranteed CO2 emissions
Realizing the importance of protecting the environment as well as this is the weakness of the PoW mechanism they are using. The Clore.ai team is committed to reducing carbon emissions by encouraging renters to use renewable energy sources.
In addition, this platform is also actively conducting research and implementing energy saving solutions, contributing to a more sustainable future for the cryptocurrency mining industry.
Data security and safety
With several strong encryption protocols and strict data security policies enforced on Clore.ai. They ensure that sensitive user information will always be secure. Strengthen the community’s trust in the ecosystem.
Proof of Holding
Clore.ai has a Native token called CLORE Coin. Along with that, The platform has additionally implemented a Proof of Holding system. User holds CLORE in Wallet Clore.ai can get up to a 50% discount on commission fees when renting on Clore.ai, creating a very attractive ecosystem to attract participants. Specifically, all its benefits are:
- Increase rewards: The more CLORE a user holds on Wallet Clore.ai, the more CLORE they receive when renting their device.
- Simple to use: Users do not need to transfer funds to the Clore.ai platform wallet address. They just need to sign transactions from Wallet.ai to participate.
- No Block (No lock): Users’ funds are not locked, they can freely withdraw them to exchange or buy and sell at their convenience.
- Service offers: CLORE holders receive up to 50% off commission fees for Clore.ai services such as renting mining GPUs.
- Usage options: Participation in Proof of Holding is completely optional, however it is a great way to maximize the benefits of Holder CLORE.
- No penalty: There are no restrictions or penalties applied when users decide to withdraw their funds in Proof of Holding.
Hashrate parameters
The hashrate rate is the leading number that reflects how the mining network is performing. A simple explanation of hashrate, it reflects the mining performance of mining hardware and is measured in seconds.
Each solution performed on the network is called a hash. That mining efficiency is measured in h/s. The parameters are converted similarly to the following:
- 1 Kh/s = 1 000 h/s
- 1 Mh/s = 1 000 Kh/s = 1 000 000 h/s
- 1 Gh/s = 1 000 Mh/s = 1 000 000 Kh/s = 1 000 000 000 h/s
- 1 Th/s = 1 000 Gh/s = 1 000 000 Mh/s = 1 000 000 000 Kh/s = 1 000 000 000 000 h/s
- 1 Eh/s = 1 000 Ph/s = 1 000 000 Th/s
Solution roughly translated as calculation solutions or algorithmic solutions. Each GPU or mining device has different calculation parameters. From there, Miners or Users can consider and build suitable, high-performance equipment to participate in the mining network to earn profits. For small individuals, we can preview mining profits with the number of available devices through the calculation website 2CryptoCalc or Whattomine.
CLORE uses the same KawPOW algorithm as Ravencoin. The special feature of this algorithm is that it is ASIC resistant and can only be mined with GPUs, helping to maintain the decentralization and democratization spirit of cryptocurrency with conventional mining methods.
At the end of 2023, Clore.ai has the following on-chain parameters:
- Network hashrate: 3.03 Th/s
- Network difficulty: 44.94 K
- Total block reward: 450 CLORE
- Block reward Fee: 225 CLORE (50%)
- Block mining reward: 225 CLORE
- Block time: 60 Sec
- Daily emission: 648,000 CLORE
- Return 1 Mh/s: 0.101 CLORE
Everyone can refer to hashrate.no to update hash rate in the fastest and most accurate way.
Development Roadmap
- October 2023: Make major updates to MFP and make CLORE the primary payment method.
- November 2023: The project team will introduce 2FA authentication and announce a new design to the market with additional features.
- December 2023: The team will add to the list of wallet update releases and establish new partnerships.
- First quarter 2024: Clore Storage will be introduced, where users can rent storage space for Containers on Clore.ai. It will be useful for sharing data between Containers.
- Quarter 2 2024: CLORE OS will be released with additional server monitoring features such as GPU clock speed, temperature and Loading.
- Quarter 3 2024: CloreOS optimizes low-performance GPUs, automatically mining the most profitable coins. In addition, upgrading Clore.ai Marketplace allows both businesses and individuals to access it more quickly.
- Quarter 4 2024: Improve code efficiency to accommodate more suppliers and increase marketing efforts.
Core Team
Update…
Investor
Clore.ai has no investors, no pre-mining and no ICO.
Tokenomics
Basic information about CLORE token
- Token name: Clore.ai
- Ticker: CLORE
- Blockchain: Clore.ai
- Standard: Native token
- Total Supply: 1,300,000,000 CLORE
Token Allocation
The total supply of CLORE is distributed as follows:
- Mining: 50 %
- Hosts: 40 %
- Team: 10 %
Token Release
CLORE’s maximum total supply is 1.3 billion set to be fully exploited within 20 years. However, its having process is completely different from BTC. CLORE’s having process gradually reduces rewards with each Block.
Token Use Cases
- Pay transaction gas fee.
- Miners are rewarded for participating in transaction validation and network security.
- Receive discounts and rewards through Proof of Holding.
Exchanges
Currently CLORE is present on the following exchanges: MEXC, SAFETRADE, Gate.io, NovaDAX, CoinEX.
Clore.ai Information Channel
- Website: https://clore.ai/
- Twitter: https://twitter.com/clore_ai
- Discord:
Summary
Clore.ai is a community-based Proof of Work project, leveraging the GPUs of users and businesses to bring to those who need to mine cryptocurrencies. By still retaining the traditional PoW mechanism, along with huge commission policies that attract many users or organizations to join the network. CLORE’s price has seen a growth of up to 3000% since the beginning of the year until now. It and KAS are considered the dark horses of the Mining Coin industry.
With the BTC having event approaching in April 2024, there is still plenty of time to see if CLORE can set new ATHs or not.
